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Tuesday, 04/11/2000 2:07:56 PM

Tuesday, April 11, 2000 2:07:56 PM

Post# of 185


SafeTPay Performs 1st International ATM-card Purchase Via Internet

Atlanta, GA. April 11, 2000: Internet start-up SafeTPay ( http://www.safetpay.net )
announced today that it's new "SafeTPay" service, which allows consumers to
purchase goods and services and pay bills over the Internet using existing
ATM-cards with PIN (Personal Identification Number), was successfully tested for
International use this weekend.

According to Harry Hargens, CEO of SafeTPay, ðential partners outside North
America wanted to verify SafeTPay's global capability. This weekend, a ential
partner on another continent used an ATM-card issued by a bank on that
continent, to purchase a T-shirt from our web site. This was a true on-line
debit transaction, performed with secure entry of the consumers PIN, from a
consumer's home on one continent, to an Internet merchant here in the USA. A
remarkable historic payment achievement!"

"The service also makes credit card transactions more secure", Hargens
continued. "In addition to lowering risk, SafeTPay reduces fees paid by
merchants, by moving consumers from key-entered transactions to secure
card-present transactions".

"This stration established SafeTPay as the new standard for secure
International eCommerce transactions", adds Gerry , VP of Sales & Marketing
for SafeTPay. "Internet merchants face significant risks with out-of-country
orders. By using SafeTPay, all merchants significantly reduce cost and risk,
for both B2C and B2B markets".

Consumers use a low-cost device attached to their PC, to safely perform these
transactions. Internet merchants are expected to deploy these devices to their
frequent customers, to lower risk and reduce cost.

"Various systems have been proposed for secure eCommerce", continues. "They
use a variety of devices and methods to reassure consumers, but do little to
simplify consumer choice and privacy and address the merchant's needs. Existing
systems simply protect consumers by holding merchants responsible for losses.
But with SafeTPay, everyone is protected. The consumer's data is heavily
encrypted before leaving their PC, and the encrypted data goes to a bank
processor without passing through the merchant's hands. Security methods used
by SafeTPay include and exceed standards followed for transmitting transactions
from ATM machines. SafeTPay has filed for a patent to protect this unique
process".

"We strongly encourage Internet merchants to start deploying SafeTPay now, in
order to have safer, lower-cost transactions for a significant portion of their
business this upcoming Christmas season".

For more information, contact:

SafeTPay
http://www.safetpay.net
Gerry , VP Sales & Marketing
201-447-9190
gerrygay@safetpay.net

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